Richmond Vanadium Technology (ASX:RVT) ROCE % : -5.91% (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Richmond Vanadium Technology ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Richmond Vanadium Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.91%.

Richmond Vanadium Technology ROCE % Historical Data

The historical data trend for Richmond Vanadium Technology's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Richmond Vanadium Technology ROCE % Chart

Richmond Vanadium Technology Annual Data

Trend

Jun22

Jun23

ROCE %

-8.10

Richmond Vanadium Technology Semi-Annual Data
	Dec22	Jun23	Dec23
ROCE %	-10.68	-5.56	-5.91

Richmond Vanadium Technology ROCE % Calculation

Richmond Vanadium Technology's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-3.922	/	( ( (50.694 - 1.504)	+	(48.943 - 1.351) )	/ 2 )
	=	-3.922	/	( (49.19	+	47.592)	/ 2 )
	=	-3.922	/	48.391
	=	-8.10 %

Richmond Vanadium Technology's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-2.792	/	( ( (48.943 - 1.351)	+	(48.431 - 1.608) )	/ 2 )
	=	-2.792	/	( ( 47.592	+	46.823 )	/ 2 )
	=	-2.792	/	47.2075
	=	-5.91 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Richmond Vanadium Technology (ASX:RVT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Richmond Vanadium Technology ROCE % Related Terms

Thank you for viewing the detailed overview of Richmond Vanadium Technology's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Richmond Vanadium Technology (ASX:RVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmond Vanadium Technology Ltd (ASX:RVT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

251 Adelaide Terrace, Level 11, Perth, WA, AUS, 6000

Website

https://www.richmondvanadium.com.au

Richmond Vanadium Technology Ltd is an Australian minerals exploration company advancing its Richmond Vanadium Project in north Queensland. The Richmond-Julia Creek Vanadium Project is the non-titanomagnetite vanadium deposit of its kind (soft marine sediments) globally and can produce a supply of vanadium for the steel and emerging energy storage markets. The project involves the development of an open cut, free dig vanadium mining operation producing vanadium pentoxide (V2O5) concentrate from the ore reserve.